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Orthofix seeks waiver to delay financial statement delivery
By Tali Rackner
Norfolk, Va., Sept. 24 – Orthofix International NV is seeking a further waiver from its credit agreement lenders to allow for additional time to complete amendments and its 2014 second-quarter 10-Q filing, according to a company press release.
The company previously obtained a limited waiver through Sept. 30.
The company is working to complete the filing of restated financial statements for the fiscal years ended Dec. 31, 2013, 2012 and 2011 and the fiscal quarter ended March 31, 2014.
Orthofix had expected to file the applicable restatement amendments related to its Spine Fixation devices in September but says it will be delayed while new inventory procedures are completed. It expects to file the 10-Q for the fiscal quarter ended June 30 at the same time that the amendments are filed.
Orthofix is a Lewisville, Texas-based medical device company.
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